Other than the non-deterministic and deterministic ways of categorizing an Ethereum wallet, we can also divide the pie into hardware wallets, desktop wallets, web wallets, mobile wallets, smart contract wallets, and multigeniture wallets. There are custodial wallets abd non-custodial wallets, which depends on whether your private keys are stored by a third party or not. Custodial wallets don't grant you access to private keys, while non-custodial wallets allow full control over your funds. Custodial wallets are trending towards hardware security modules-based solutions, for example Trustology and Anchorage. Another way to classify wallets is as hot and cold wallets. We will show you wallets that are on different platforms and list the features of them. Then, we will go through the steps of how to create two smart contract wallets...
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